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Commerce Past Questions and Answers

Commerce Questions

Question 3181:
Which of the following are elements of a valid contract?
  • A Dishcarge and performance
  • B Offer and acceptance
  • C Age and maturity
  • D Promise and capacity
View Answer & Explanation
Question 3182:
The last link in the channel of distribution is the
  • A Retailer
  • B Consumer
  • C Wholesaler
  • D Producer
View Answer & Explanation
Question 3183:
Taxes on imported foreign goods are also known as
  • A Excise duties
  • B Tariffs
  • C Ad valorem taxes
  • D Dock dues
View Answer & Explanation
Question 3184:
If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in
  • A Multi-lateral trade
  • B Counter trade
  • C Barter trade
  • D Entrepot trade
View Answer & Explanation
Question 3185:
Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded
  • A I,iii and iv only
  • B I and iii only
  • C Iii,iv and v only
  • D Iii and iv only
View Answer & Explanation